Business funding news
The official decisions and announcements that change what small-business credit costs and who can get it, summarised in a few lines with the source and date.
Our summaries
- IRS opens examinations after SBA flags pandemic-loan discrepancies
SBA and IRS, September 23, 2026: tax data checks flagged discrepancies on about $100 billion in PPP and COVID EIDL loans; the IRS opened examinations.
- The Federal Reserve raises its policy rate to 3.75%–4%
On September 16, 2026 the Fed raised its target range a quarter point to 3.75%–4%. What it can mean for variable-rate business debt.
- SBA suspends 870,000 borrowers tied to suspected pandemic-loan fraud
On September 14, 2026 the SBA suspended 870,000 borrowers tied to suspected PPP and COVID EIDL fraud. Suspended borrowers cannot get future SBA loans.
- Bank of Canada unveils a new vertical $20 bank note
The Bank of Canada unveiled a new vertical $20 bank note on September 3, 2026. It will gradually enter circulation in late February 2027.
- Bank of Canada holds its policy rate at 2.25%
The Bank of Canada kept its policy rate at 2.25% on September 2, 2026; next decision October 28. What it means for business borrowing in Canada.
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